First Time Buyer

Shopping for the right mortgage

Finding a mortgage that's right for you should be easy. But there are many programs to choose from and many ways to structure a loan. Different loan programs will offer benefits that appeal to borrowers at different stages of life.

Before you begin, ask yourself these important questions:

How long do you anticipate living in your new home?

Do you expect any changes over the next few years, such as expanding your family or having children go off to college or move away?

Do you expect any changes in income due to promotions, relocations, retirement, inheritance or pensions?

Are you expecting a change in your investments?

Do you have a retirement plan at work and do you contribute to it?

Do you have other debt?

In the end, be sure you are given a complete picture of exactly how much your mortgage will cost you over the period of time you anticipate having the loan in place. This is the single most important factor you should consider when shopping for a mortgage. Not only does this data illustrate the bigger picture of your financial goals, it allows for adjustments should things change a little sooner than expected. A good time frame for this projection is anywhere from three, five or even up to seven years.

When shopping for a mortgage, you should always evaluate your choices carefully and consider how they will fit in with your long-term financial plan.

Call us for a free consultation. Together, we'll find the program that's best for you.

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Civista Bank, NMLS #412766. Member FDIC. Customer Service 1.800.604.9368. Copyright 2018. All Rights Reserved. All products are subject to credit and property approval. This is not an offer to enter into an agreement. Other restrictions and limitations may apply. All information, interest rates and loan programs are subject to change without prior notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. Civista Bank is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). http://nmlsconsumeraccess.org/.